On December 17th, President Obama signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010,” H.R. 4853. This law comes at a time of the year when many restaurant owners purchase new restaurant equipment and supplies so those acquisitions will show up on their 2010 tax statement. Lawmakers hope this law, with its $800+ billion in tax cuts will ease economic strain on small businesses so they will hire new employees and invest more in equipment and supplies.